Under the Sarbanes-Oxley Act, in Order to Audit a Public

question 44

Multiple Choice

Under the Sarbanes-Oxley Act, in order to audit a public company, ________.

• A) only public accountants must constitute the audit committee
• B) a public accounting firm must register with the Public Company Accounting Oversight Board (PCAOB)
• C) all public accounting firms must assign an accountant who works closely with one client over a long duration of time
• D) the law of accountant-client privilege must be accepted by the state legislative mechanism

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Definitions:

Trisomy 21

A genetic disorder also known as Down syndrome, caused by the presence of all or part of a third copy of chromosome 21.

Cloak of Competence

A term describing situations where an individual with cognitive or developmental disabilities appears to function at a higher level than actually is the case, masking potential deficits.

Developmental Disorders

A group of psychiatric conditions originating in childhood that involve serious impairment in different areas, such as cognitive and physical development.

Pass as "Normal"

The attempt of an individual to be perceived as adhering to societal norms, especially when their inherent traits or conditions deviate from these norms.